Permian Basin Royalty Trust declares USD 0.045191 payout for PBT stock

Published on 10/21/2026 at 00:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The October 20, 2026 payout totals USD 2.1 million across 46,608,796 units. PBT stock has a November 16 payment date.

Cash distribution and operating context

PBT declared a USD 0.045191 distribution on October 20, 2026.
Second-quarter 2026 royalty income amounted to USD 4,158,812.
Permian Basin Royalty Trust had a USD 1.6 billion market capitalization as of October 20, 2026.

PBT, US7142361069, Illustration mit AI erstellt.

Permian Basin Royalty Trust (ISIN US7142361069) declared a USD 0.045191 distribution per unit on October 20, 2026, totaling USD 2,106,330.04 across 46,608,796 units, according to StockTitan. The payout is scheduled for November 16, 2026, with October 30, 2026 set as the record date.

Three events reshape the trust

On July 28, 2026, SoftVest and Blackbeard Holdings entered a definitive agreement proposing a combination involving Trust assets and mineral interests in a new PBT Land and Minerals company, with the proposal valued at USD 2.2 billion, as reported by StockTitan. On October 5, 2026, PBT Land and Minerals set a USD 28.08 subscription price and an October 13 record date for its proposed rights offering, according to FT. On October 20, 2026, the Trust declared the USD 0.045191 distribution, while Waddell Ranch remained in an excess cost position, according to StockTitan.

What does the payout mean for cash flow?

The distribution is concentrated in the Texas Royalty Properties. They generated USD 1,295,650 in revenue and contributed USD 1,094,925 to the October payout after USD 143,097 in taxes and expenses, according to StockTitan. Waddell Ranch contributed no proceeds because September production costs exceeded gross proceeds, leaving future proceeds to recover excess costs and accrued interest first.

The operating backdrop was already visible in the second quarter of 2026. The Trust website reported royalty income of USD 4,158,812 for the quarter ended June 30, 2026, compared with USD 3,089,889 in the prior-year period, a USD 1,068,923 increase, according to Permian Basin Royalty Trust. That comparison matters because monthly distributions depend on royalty volumes, commodity prices and property-level costs.

Which dates matter next?

October 30, 2026 is the record date for the declared distribution, and November 16, 2026 is the payment date, according to StockTitan. The proposed rights offering and business combination remain separate corporate actions subject to regulatory clearance and a unitholder vote.

Market value sets the backdrop

Permian Basin Royalty Trust had a USD 1.6 billion market capitalization as of October 20, 2026. Its structure gives holders exposure to royalty interests rather than direct operating control, making the split between Texas Royalty cash generation and Waddell Ranch cost recovery central to the distribution outlook.